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Baltimore : Industrial Snapshot - Q1 2014

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As of March 2014, Maryland employment strengthened with the addition of 5,150 jobs from the year before, while the preliminary unemployment rate continued its descent to 5.6%, the lowest it’s been in five years. Baltimore’s February unemployment rate, at 6.0%, declined 1.0 percentage points (pp) from the year before. Tax credit initiatives geared towards the development of disadvantaged areas, partnerships with Maryland Port

Administration and the Maryland Transit Authority, helped lure big-box retailers like Amazon to the State, which is expected to add over 1,000 jobs in 2014. The trade, transportation, warehousing & utilities sector led in monthly job gains totaling 2,200 jobs.

Source : Cushman & Wakefield

Keywords : Cushman & Wakefield